Saturday, April 22, 2017

Peloton Technology Closes $60 Million Series B Funding Round

The semi truck platooning technology firm that we reported on recently, Peloton Technology, has successfully closed a $60 million Series B funding round, according to a recent press release.

The Series B funding round was led by Omnitracs, but also featured investments from “Intel Capital, DENSO International America, BP Ventures, Lockheed Martin, Nokia Growth Partners, UPS Strategic Enterprise Fund, Volvo Group, Sand Hill Angels, Band of Angels and Birchmere Ventures along with new investors B37 Ventures, Mitsui USA, Okaya, Schlumberger, US Venture, and Breakthrough Fuel.”

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An author and has over 10 years working in the nonprofit sector in technology, training, capacity building, evaluation, fundraising, and marketing. He is working as a trainer who has developed and implemented effective sector capacity building programs that help organizations integrate social media, network building, and relationship marketing best practices. He has trained thousands of nonprofits around the world.